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HR Definitions Ch 2

Justin

environmental scanning process of identifying a long-term plan for the orderly replacement of key employees
productivity calculation showing the value of expenditures for hr activities
unit labor cost comparing specific measures of performance against data on those measures in other org.
strategy when individuals quit, die or retire
strategic HR management use of employees to gain or keep a competitive advantage
effectiveness the extent to which goals have been met
efficiency org. that has operating units located in foreign countries
importing and exporting net operating profit of a firm after the cost of capital is deducted
MNE firm that has corporate units in a number of countries integrated to operate as one
global org. using info from the past and the present to identify expected future conditions
culture proposition for how to compete successfully and thereby survive and grow
HR planning formal research effort that evaluates the current state of hr management in an org.
forecasting soceital forces affecting the values, beliefs, and actions of a distinct group of people
succession planning buying / selling goods and services with org. in other countries
attrition computed by dividing the average cost of workers by their average levels of output
hr metrics the degree to which operations are done in an economical manner
ROI specfic measures tied to hr performance indicators
Economic value added process of studying the environment of the org. to pinpoint opportunities and threats.
benchmarking measure of the quantity and quality of work done, considering the cost of the resources used
hr audit process of analyzing and identifying the need for and availability of hr so taht the org. can meet its objectives

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